Petroleum production

Natural gas inflow to Turkey's gas network saw a year-on-year increase of around 6.38 percent to 50 billion cubic meters (bcm) in 2020, according to data from the Turkish Petroleum Pipeline Corporation (BOTAŞ).

In 2019, around 47 bcm of natural gas was carried through the Turkish natural gas system.

The expiry of long-term, oil-indexed natural gas contracts at the end of 2021 offers Turkey an opportunity to negotiate more competitive gas prices based on more flexible terms, particularly with Russia.

Greek company probunkers on Wednesday announced it had submitted a request for a liquefied natural gas (LNG) bunkering license to supply marine fuel in the port of Singapore.

Speaking on Thursday to the chief executive officer of Public Gas Corporation (DEPA), Konstantinos Xifaras, US Ambassador in Athens Geoffrey Pyatt expressed Washington's warm support for the project of the Floating Storage Regasification Unit (FSRU) off Alexandroupoli in northeastern Greece, as it assists the US in its strategy for the diversification of Europe's energy sources.

Greek companies have enhanced the dynamic international wind energy field with valuable innovations, especially at sea. Among these innovations is Floatmast, a floating tension leg platform (TLP) mast for offshore wind measurement, which is a world first.

The groundbreaking invention was awarded by the European Commission and granted 2 million euros in funding.

Public Gas Corporation's (DEPA) plans to expand the use of liquefied natural gas (LNG) in shipping are proceeding with the support of the European Investment Bank.

China committed to buy around $52 billion worth of energy goods from the U.S. in 2020 and 2021 amid the phase-one trade deal signed by the countries.

After 21 months of imposing reciprocal tariffs, the world's two biggest economies finally reached a trade agreement and signed a phase-one deal on Jan. 15 in Washington, D.C.

Bulgaria will buy a 20 percent stake in a liquefied natural gas (LNG) terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected to be the main suppliers of LNG for the facility.

The Competent Authority for Regulation of Offshore Oil Operations in the Black Sea (ACROPO) has sent Lukoil Overseas its greenlight so the latter may start oil drilling operations in the Trident perimeter of the Romanian Black Sea territorial waters, according to a Facebook post of the institution. "In accordance with the provisions of Law no.

The imposition of new environmental regulations for the consumption of low-sulfur fuel by oceangoing vessels has seen the liquefied natural gas (LNG) market take center stage in global shipping, with Greek shippers recently overtaking the Japanese as the top owners, after ordering a large number of vessels since 2018, according to a VesselsValue report published on Wednesday.